EPIC RESEARCH MCX NICKEL UPDATE OF 11 AUGUST 2017

Nickel trading range for the day is 679.3-711.9. Nickel gained tracking LME prices adding 3.3 percent to $10,985 on worries about capacity cuts at loss-making mines. First Quantum Minerals Ltd said it planned to suspend operations at its Ravensthorpe nickel mine in Western Australia at the beginning of next month. The Philippines is expected to export approximately 4.65 million wet tonnes in July, and Ni content in ore exports is estimated at 39,300 tonnes in July.

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